2020 homeowner, renter property tax credit deadline extended

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Posted at 10:59 AM, Sep 28, 2020
and last updated 2020-09-28 10:59:59-04

ANNAPOLIS, Md. — Governor Larry Hogan is extending the deadline to apply for 2020 Homeowner and Renter Property Tax Credits, by a month.

The new deadline is October 31.

The Homeowner Property Tax Credit Program provides relief for eligible homeowners by setting a limit on the amount of property taxes owed based on their income.

If a homeowner already paid their property tax and applies before October 31, any tax credit they may be eligible for will be refunded by their local county finance office.

Many counties and municipalities also provide supplemental homeowner credits, which will be automatically applied if the applicant is approved for the state homeowners’ credit.

The Renter Property Tax Credit Program provides tax relief for eligible renters who pay high monthly rent relative to their total income and do not receive federal or state housing subsidies or reside in public housing.

The credit is issued in the form of a direct check payment of up to $1,000.

Officials are also encouraging Maryland homeowners to submit a Homestead Tax Credit application, if they haven't already.

Once approved, the Homestead Credit accrues over time by limiting the increase in taxable assessment each year to a fixed percentage, and is a one-time application without a specific filing deadline.

Applications will be processed between 30 and 90 days after they are submitted. Online applications are usually processed faster than those submitted by mail.

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